Crypto 'Fear-Greed Index' at 26...Fear persists, Mt. Gox transfers 13,265 BTC

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell four points from the previous day to 26. The fear phase persisted as sentiment worsened. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100 indicating extreme optimism. The Fear Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market capitalization (10%), and Google searches (10%).

Meanwhile, WooBlockchain reported that “At 8:39 am UTC on March 21, a purported Mt. Gox address transferred 13,265 BTC ($784 million). Of this amount, 12,000 BTC was transferred to a new address and the remaining 1,265 BTC was transferred to an address labeled as Mt. Gox Cold Wallet. The address now holds 46,164 BTC ($2.73 billion).”